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Tides Equities may lose one of its first Austin acquisitions. Bridge Investment Group has noticed Tides at Mueller, at 5700 Cameron Road, for an October foreclosure sale, according to Roddy’s Foreclosure Listing Service. The property is the latest in a slew of Tides properties to face a forced sale, as the syndicator has weathered well-documented troubles keeping up with debt payments. 

Tides purchased the property, then known as the MARQ at Mueller, in April 2022, just before the Federal Reserve began raising interest rates. Those hikes increased payments on floating-rate debt, like the loans Tides used to build its multi-billion-dollar multifamily portfolio.